TORONTO, Nov. 25, 2020 /CNW/ - Today, Hydro One launched a new fund to help communities respond to new and urgent challenges presented by COVID-19. Charitable organizations, municipalities and Indigenous communities can now apply for up to $25,000 towards pandemic response efforts and initiatives that improve physical and emotional safety. This is part of Hydro One's commitment to build safe communities across Ontario.
"Communities and charitable organizations are facing serious challenges to meet critical and emerging needs during this unprecedented time," said Jay Armitage, Vice President of Marketing and Communications, Hydro One. "From supporting well-being through an outdoor skating trail or delivering meals to vulnerable populations, this fund will help those local organizations working tirelessly to build a better and brighter future for their communities."
"Thank you to Hydro One for continuing to put families and communities first and show the true meaning of the Ontario spirit," said Greg Rickford, Minister of Energy, Northern Development and Mines. "Hydro One's new program captures the importance of coming together to lend a helping hand to those making a lasting difference in the community."
To apply, please visit: https://www.hydroone.com/about/building-safe-communities/community-fund. Applications close on February 19, 2021, and recipients will be announced in March.
In addition to the new fund, Hydro One is supporting pandemic response efforts and initiatives to strengthen community resiliency and safety. The company partnered with GlobalMedic to provide 13,500 food and safety kits to First Nations communities, donated $300,000 worth of meals to Feed Ontario to put food on the table for families in need and supported Ontario's Ministry of Health by contacting travellers entering the province to ensure quarantine measures were followed. The company also partnered with the Coaches Association of Ontario to roll out a new virtual hub to support navigating safe and inclusive sport during this challenging time.
Hydro One continues to offer customers payment flexibility and financial assistance through its Pandemic Relief Fund. The company has also extended its ban on residential electricity disconnections to ensure no customer is disconnected at a time when support is needed most. More information about Hydro One's Pandemic Relief Program can be found at www.HydroOne.com/PandemicRelief
Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.4 million valued customers, approximately $27.1 billion in assets as at December 31, 2019, and annual revenues in 2019 of approximately $6.5 billion. Our team of approximately 8,800 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2019, Hydro One invested approximately $1.7 billion in its transmission and distribution networks and supported the economy through buying approximately $1.5 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are designated as a Sustainable Electricity Company by the Canadian Electricity Association. Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at www.hydroone.com; www.sedar.com or www.sec.gov.
Forward-Looking Statements and Information:
This press release may contain "forward-looking information" within the meaning of applicable securities laws. Words such as "expect," "anticipate," "intend," "attempt," "may," "plan," "will", "can", "believe," "seek," "estimate," and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR at www.sedar.com. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.
SOURCE Hydro One Inc.